82_FR_1389 82 FR 1386 - Sunshine Act Meeting

82 FR 1386 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 3 (January 5, 2017)

Page Range1386-1387
FR Document2016-32047

Federal Register, Volume 82 Issue 3 (Thursday, January 5, 2017) 
[Federal Register Volume 82, Number 3 (Thursday, January 5, 2017)]
[Notices]
[Pages 1386-1387]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-32047]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a closed meeting on Friday, January 
6, 2017 at 2:30 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit 
consideration of the scheduled matter at the closed meeting.
    Chair White, as duty officer, voted to consider the items listed 
for the closed meeting in closed session.
    The subject matter of the closed meeting will be:
    Institution of injunctive actions;
    Institution and settlement of administrative proceedings;
    Adjudicatory matters; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed; please contact Brent J. Fields from 
the Office of the Secretary at (202) 551-5400.


[[Page 1387]]


    Dated: December 30, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-32047 Filed 1-3-17; 11:15 am]
 BILLING CODE 8011-01-P

1386 Federal Register / Vol. 82, No. 3 / Thursday, January 5, 2017 / Notices system, and, in general, to protect III. Date of Effectiveness of the inspection and copying at the principal investors and the public interest. Proposed Rule Change and Timing for office of the Exchange. All comments Additionally, the Exchange believes the Commission Action received will be posted without change; proposed rule change is consistent with Within 45 days of the date of the Commission does not edit personal the Section 6(b)(5) 27 requirement that publication of this notice in the Federal identifying information from the rules of an exchange not be designed Register or within such longer period submissions. You should submit only to permit unfair discrimination between up to 90 days (i) as the Commission may information that you wish to make customers, issuers, brokers, or dealers. designate if it finds such longer period available publicly. All submissions to be appropriate and publishes its should refer to File Number SR–CBOE– In particular, the Exchange believes reasons for so finding or (ii) as to which 2016–091 and should be submitted on trading P.M.-settled third-Friday or before January 26, 2017. expirations under the SPXW symbol the Exchange consents, the Commission rather than the separate SPXPM symbol will: For the Commission, by the Division of will ensure market participants, A. By order approve or disapprove Trading and Markets, pursuant to delegated such proposed rule change, or authority.28 particularly retail customers, have B. institute proceedings to determine Eduardo A. Aleman, seamless access to P.M.-settled S&P 500 Index options expiring every Friday of whether the proposed rule change Assistant Secretary. the month, which helps to remove should be disapproved. [FR Doc. 2016–31943 Filed 1–4–17; 8:45 am] impediments to and perfect the IV. Solicitation of Comments BILLING CODE 8011–01–P mechanism of a free and open market. Interested persons are invited to The Exchange believes the proposed submit written data, views, and SECURITIES AND EXCHANGE rule change will help to protect arguments concerning the foregoing, COMMISSION investors and the public interest by including whether the proposed rule allowing market participants to enter change is consistent with the Act. Sunshine Act Meeting options positions with the same Comments may be submitted by any of underlying in one symbol that spans the following methods: Notice is hereby given, pursuant to every Friday expiration in a month, thus the provisions of the Government in the providing a more efficient way to gain Electronic Comments Sunshine Act, Public Law 94–409, that exposure and hedge risk. • Use the Commission’s Internet the Securities and Exchange comment form (http://www.sec.gov/ Commission will hold a closed meeting B. Self-Regulatory Organization’s on Friday, January 6, 2017 at 2:30 p.m. Statement on Burden on Competition rules/sro.shtml); or • Send an email to rule-comments@ Commissioners, Counsel to the CBOE does not believe that the sec.gov. Please include File Number SR– Commissioners, the Secretary to the proposed rule change will impose any CBOE–2016–091 on the subject line. Commission, and recording secretaries burden on competition that is not will attend the closed meeting. Certain Paper Comments staff members who have an interest in necessary or appropriate in furtherance of the purposes of the Act. The • Send paper comments in triplicate the matters also may be present. Exchange does not believe the rule to Secretary, Securities and Exchange The General Counsel of the change will impose a burden on Commission, 100 F Street NE., Commission, or her designee, has intramarket competition because all Washington, DC 20549–1090. certified that, in her opinion, one or market participants will continue to All submissions should refer to File more of the exemptions set forth in 5 have access to P.M.-settled S&P 500 Number SR–CBOE–2016–091. This file U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) Index options expiring every Friday of number should be included on the and 17 CFR 200.402(a)(3), (a)(5), (a)(7), the month and will be able to trade subject line if email is used. To help the (a)(9)(ii) and (a)(10), permit them under the SPXW symbol. The Commission process and review your consideration of the scheduled matter at proposal will not impose a burden on comments more efficiently, please use the closed meeting. intermarket competition because the only one method. The Commission will Chair White, as duty officer, voted to options effected by this proposal are post all comments on the Commission’s consider the items listed for the closed exclusive to CBOE. Additionally, the Internet Web site (http://www.sec.gov/ meeting in closed session. Exchange does not believe the proposal rules/sro.shtml). Copies of the The subject matter of the closed will impose any burden on intermarket submission, all subsequent meeting will be: competition as market participants on amendments, all written statements Institution of injunctive actions; other exchanges are welcome to become with respect to the proposed rule Institution and settlement of Trading Permit Holders and trade at change that are filed with the administrative proceedings; Commission, and all written CBOE if they determine that this Adjudicatory matters; and communications relating to the proposed rule change has made CBOE Other matters relating to enforcement proposed rule change between the more attractive or favorable. proceedings. Commission and any person, other than C. Self-Regulatory Organization’s those that may be withheld from the At times, changes in Commission Statement on Comments on the public in accordance with the priorities require alterations in the provisions of 5 U.S.C. 552, will be scheduling of meeting items. mstockstill on DSK3G9T082PROD with NOTICES Proposed Rule Change Received From Members, Participants, or Others available for Web site viewing and For further information and to printing in the Commission’s Public ascertain what, if any, matters have been The Exchange neither solicited nor Reference Room, 100 F Street NE., added, deleted or postponed; please received comments on the proposed Washington, DC 20549 on official contact Brent J. Fields from the Office of rule change. business days between the hours of the Secretary at (202) 551–5400. 10:00 a.m. and 3:00 p.m. Copies of the 27 Id. filing also will be available for 28 17 CFR 200.30–3(a)(12). 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Federal Register / Vol. 82, No. 3 / Thursday, January 5, 2017 / Notices 1387 Dated: December 30, 2016. the most significant aspects of such of the data by ‘‘Non-Professional Brent J. Fields, statements. Users’’ 8. User Fees are subject to a cap Secretary. of $2,000 per month (i.e., a Customer A. Self-Regulatory Organization’s [FR Doc. 2016–32047 Filed 1–3–17; 11:15 am] pays no more than $2,000 in User Fees Statement of the Purpose of, and BILLING CODE 8011–01–P for a given month). The Exchange Statutory Basis for, the Proposed Rule proposes to delete this fee cap from the Change MDX fee schedule for CBOE data. SECURITIES AND EXCHANGE 1. Purpose The Exchange also proposes to make COMMISSION a few clean-up changes to the MDX fee The purpose of the proposed rule schedule for CBOE data, including [Release No. 34–79709; File No. SR–CBOE– change is to amend user fees for the removing a couple references to a 2016–092] COB Data Feed. This data feed is made January 1, 2016 effective date for prior available by CBOE’s affiliate Market fee changes and removing the $1 per Self-Regulatory Organizations; Data Express, LLC (‘‘MDX’’). The Chicago Board Options Exchange, month User Fee for COB Data Feed Non- Exchange proposes to make the Professional Users, which was Incorporated; Notice of Filing and following fee changes effective January Immediate Effectiveness of a Proposed eliminated effective January 1, 2015. 1, 2017. Rule Change Relating to Fees for the COB Data Feed: The COB Data Feed 2. Statutory Basis Complex Order Book Data Feed is a real-time data feed that includes The Exchange believes the proposed December 29, 2016. data regarding the Exchange’s Complex rule change is consistent with the Order Book and related complex order Securities Exchange Act of 1934 (the Pursuant to Section 19(b)(1) of the information. The COB Data Feed ‘‘Act’’) and the rules and regulations Securities Exchange Act of 1934 (the contains the following information for thereunder applicable to the Exchange ‘‘Act’’),1 and Rule 19b–4 thereunder,2 all CBOE-traded complex order and, in particular, the requirements of notice is hereby given that on December strategies (multi-leg strategies such as Section 6(b) of the Act.9 Specifically, 19, 2016, Chicago Board Options Exchange, Incorporated (the ‘‘Exchange’’ spreads, straddles and buy-writes): (i) the Exchange believes the proposed rule or ‘‘CBOE’’) filed with the Securities Outstanding quotes and standing orders change is consistent with Section 6(b)(4) and Exchange Commission (the on each side of the market with of the Act,10 which requires that ‘‘Commission’’) the proposed rule aggregate size, (ii) data with respect to Exchange rules provide for the equitable change as described in Items I, II, and executed trades (‘‘last sale data’’), and allocation of reasonable dues, fees, and III below, which Items have been (iii) totals of customer versus non- other charges among its Trading Permit prepared by the Exchange. The customer contracts.3 Holders and other persons using its Commission is publishing this notice to Fees facilities. The Exchange also believes solicit comments on the proposed rule the proposed rule change is consistent change from interested persons. MDX currently charges Customers 4 of with the Section 6(b)(5) 11 requirement the COB Data Feed a Data Fee of $100 that the rules of an exchange not be I. Self-Regulatory Organization’s per month plus applicable User Fees (as designed to permit unfair Statement of the Terms of the Substance described below). The Data Fee for the discrimination between customers, of the Proposed Rule Change COB Data Feed is waived for Customers issuers, brokers, or dealers. Chicago Board Options Exchange, of the CBOE BBO and Book Depth Data The Exchange believes the proposal to Incorporated (the ‘‘Exchange’’ or Feeds.5 delete the monthly cap on User Fees for ‘‘CBOE’’) proposes to amend user fees MDX charges a Customer User Fees of receipt of the COB Data Feed is for the Complex Order Book (‘‘COB’’) $25 per month per Device 6 or user ID equitable and not unfairly Data Feed. The text of the proposed rule for receipt of the data by ‘‘Professional discriminatory because it would apply change is available on the Exchange’s Users’’ 7. There is no charge for receipt Web site (http://www.cboe.com/ Users must be external since a person who uses the 3 The data is made available during ‘‘Regular COB Data Feed for a commercial purpose cannot be AboutCBOE/ Trading Hours’’ as defined in CBOE Rule 1.1(qqq) a Non-Professional User.) CBOELegalRegulatoryHome.aspx), at and ‘‘Extended Trading Hours’’ as defined in CBOE 8 A ‘‘Non-Professional User’’ is a natural person the Exchange’s Office of the Secretary, Rule 1.1(rrr). or qualifying trust that uses Data only for personal and at the Commission’s Public 4 A Customer is any person, company or other purposes and not for any commercial purpose and, Reference Room. entity that, pursuant to a market data agreement for a natural person who works in the United States, with MDX, is entitled to receive data, either directly is not: (i) Registered or qualified in any capacity II. Self-Regulatory Organization’s from MDX or through an authorized redistributor with the Securities and Exchange Commission, the Statement of the Purpose of, and (i.e., a Customer or an extranet service provider), Commodities Futures Trading Commission, any whether that data is distributed externally or used state securities agency, any securities exchange or Statutory Basis for, the Proposed Rule internally. The MDX fee schedule for CBOE data is association, or any commodities or futures contract Change located at https://www.cboe.org/MDX/CSM/ market or association; (ii) engaged as an OBOOKMain.aspx. ‘‘investment adviser’’ as that term is defined in In its filing with the Commission, the 5 Such COB Data Feed Customers are still subject Section 201(11) of the Investment Advisors Act of Exchange included statements to User Fees. 1940 (whether or not registered or qualified under concerning the purpose of and basis for 6 A ‘‘Device’’ means any computer, workstation or that Act); or (iii) employed by a bank or other the proposed rule change and discussed other item of equipment, fixed or portable, that organization exempt from registration under federal receives, accesses and/or displays data in visual, or state securities laws to perform functions that any comments it received on the would require registration or qualification if such audible or other form. mstockstill on DSK3G9T082PROD with NOTICES proposed rule change. The text of these 7 A ‘‘Professional User’’ is any natural person functions were performed for an organization not so statements may be examined at the recipient of Data who is not a Non-Professional exempt; or, for a natural person who works outside places specified in Item IV below. The User (as defined below). User Fees for Professional of the United States, does not perform the same Users are payable for both ‘‘internal’’ Professional functions as would disqualify such person as a Exchange has prepared summaries, set Non-Professional User if he or she worked in the Users (Devices or user IDs of employees of a forth in sections A, B, and C below, of Customer) and ‘‘external’’ Professional Users United States. 9 15 U.S.C. 78f(b). (Devices or user IDs of Professional Users who 1 15 U.S.C. 78s(b)(1). 10 15 U.S.C. 78f(b)(4). receive the Data from a Customer and are not 2 17 CFR 240.19b–4. employed by the Customer). (Non-Professional 11 15 U.S.C. 78f(b)(5). 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Document Created: 2018-02-01 14:51:06
Document Modified: 2018-02-01 14:51:06
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 1386 
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